Chocolay Township Residential Sales 2008

I promised to take a look specifically at the Chocolay Township market for 2008.

It seemed throughout the year, that sales in Chocolay had really slowed, but the numbers don’t necessarily back that up. To many of us, it seemed this past year that there were some terrific homes in Chocolay that would have previously sold right away, - that instead just sat on the market. We spent past year trying to analyze the market area by area and price range by price range to get a handle on the slowdown.

As it turned out, the numbers dont necessarily indicate any significant slowdown. Here are the stats for Chocolay Twsp, residential sales comparing 2008 to 2007:

Units Sold: -7%
Median Sold Price: -2%
Days on Market: +19%
Volume ($) Sold: -7%

If you think that a 7% drop in units sold seems like a large number, it really may not be. For example - the units sold dropped only from 54 homes in 2007, to 50 homes sold in 2008. That does not seem to be a large number of homes in the scheme of things.

If there is ever any type of a search that you would like me to run for you, please do not hesitate to ask. Its as easy as sending me an email. I'll try to get right back to you.

Please scroll down to my previous post on a more comprehensive view of the Marquette Area 2008 Market.

Chocolay Township ~ a beautiful place to live! ~ Liz